Little Elm, TX

Listed below are market reports for Little Elm TX. These reports have pulled data for October 2009, but also include monthly numbers for the past year through 2008.

If you are looking to buy or sell a house in this area, I would be glad to have the opportunity to assist you.

As DFW rebounded in 2009 from the recessionary housing market of Fall/Winter 2008, there was a shining star in the North Dallas suburbs. Little Elm, Texas had a steller Summer. With an average sale price of a 4-bedroom, 2-bath, 2300sf home with 2-car garage near $162,000, this affordable lakeside community with the Denton County tax base was red hot. 209 homes in our local MLS went to SOLD status since the first of June, 2009.

Little Elm was also a pretty quick sale this Summer. Average days on market for a home to take a contract was 89. This means that an average home would sell in the same quarter of the year in which it entered the market. Impressive when comparing the time to sale for other communities.

In my opinion, if Little Elm suffers from anything, it would still have to be some infrastructure issues. The growth in Little Elm and the areas to the North has been tremendous. Although the opening of Panther Creek Parkway to the Dallas North Tollway has been a GREAT relief, the opening of the bridge between Little Elm and Lake Dallas, across Lewisville Lake to I-35 brings in a whole new artery of traffic to the area. Widening the roads in Frisco, Little Elm, and The Colony is underway, and yesterday would have been a fantastic completion date.

What do I like most about the community of Little Elm? It would have to be a toss-up between the people and the location. The people - some of the nicest families I have met in the last 8 years have been my sellers and buyers in Little Elm. I count many of them as friends long after we have worked together. Family values run strong through this little community. The location - so close to the amenities of Frisco, an easy commute to DFW Airport, the location just West of the Collin County line for lower taxes, and the access to the Dallas North Tollway that opened in 2008 and made commuting to downtown Dallas a possibility in under an hour. Little Elm appears to be the little town that could, and the more developed and sophisticated the town plans come together, the more I like that area.

Have a blessed day!

Ronda

Wondering if it is time to buy a Little Elm home? Well, it most certainly is. Little Elm is now one of the hottest buyer's markets around. Plus, the $8,000 homebuyer tax refund is still in effect. The median single family home price in LITTLE ELM this week is $175,000. The 327 homes have been on the market for an average of 149 days. The Market Action Index has been climbing lately while days-on market are trending down, these point to a positive near-term outlook for the market.

Email Me if you want to be the first to know information as this community develops. I love watching our city grow!!!

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If you are in the market for a new Home in Little Elm TX please let me share my expertise and love of this area with you.

Tina